Agribusiness & Food Processing

Agribusiness & Food Processing
Agribusiness & Food Processing
Agribusiness & Food Processing
Agribusiness & Food Processing

Sector
Highlights

  • The state with highest agricultural growth (averaging 20%) in the country, for the last three years
  • Has been receiving 'Krishi Karman' award for spectacular performance in agricultural production, for the past four years
  • Leading domestic producer of agricultural resources like Gram (#1), Soybean (#1), Pulses (#1), Wheat (#2), Onion (#2) and Green Peas (#2)
  • 3rd largest producer of milk in the country
  • With presence of 6 government owned modern food parks and 2 private food parks, Madhya Pradesh provides plug and play facility for food processing companies
  • Key food processing players operating in the state includes Coca-Cola, Pepsico, Parle Agro, LT Foods, Cadbury, Ruchi Group, Britannia Industries and Balaji Wafers

Investment
Opportunities

  • Investment opportunities exist in trading and processing of agricultural produce. Additionally, opportunities exist in the development of allied infrastructure like food parks, warehouses and cold storages

Policy
Highlights

  • Land allotment at a concessional rate of 25% for MSME units. Stamp duty and registration charges exemption of INR 1 per INR 1,000
  • Reimbursement at the rate of 15% up to a maximum of INR 50 mn for the expenditure incurred on establishment of food park/mega food park/horticulture hub
  • Fruits, vegetables, flowers and other notified agriculture produce purchased in any market area of the state for processing/production, is exempt from payment of mandi fee
  • Subsidized power rates at INR 1.50 per unit subject to a ceiling of 25% of the electric units consumed by Cold Storage, Cold Chamber, Ripening Chamber and Individual Quick Freezing Enterprise, for 5 years